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9623 Avenue M 2,000 SF 65% Leased Retail Building Brooklyn, NY 11236 For Sale

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Investment Highlights

High traffic 2 way street, fully detached brick! Huge backyard! Great income! Well maintained

Executive Summary

East 90's Canarsie Brooklyn. Totally NEWLY renovated from top to bottom in November 2019 to January 31 2020 LEGAL 3 family & store! Fully detached ALL brick building with full basement! 5 room apartment (2 bedroom EACH apartment unit) each 3 family! Plus Beauty salon Store front approx. 600 sq ft (20 ft wide frontage) & Huge basement! Lot 30.5 ft x 100 ft & building size 20 ft x 51 ft New roof, siding, boiler & much more! 5 income producing plus billboard sign! Low Real Estate Taxes! Will not last! Cap rate 7% High traffic area & near all buses –Next to Minutes to Manhattan express bus, Canarsie pier & more! Start collecting your rent!! Call 718-288-9601 or 347-526-5131 ONLY
Income: 2nd floor Front $ 1,500.00 month (1 bedroom-NO LEASE)2nd floor Back $ 1,500.00 month (1 bedroom-NO LEASE)
Storefront: Beauty Salon $ 2,500.00 a month (March 2026)
1st floor Rear $1,760.00 a month (2025)
Basement- Super $ 1,000.00 month Storage Billboard sign $ 1000.00 =$ 8,700.00 a month = $104,400 yearly income!

9623AveM

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

1031 Exchange

Property Type

Retail

Building Size

2,000 SF

Building Class

Year Built

1900

NOI

$112,000

Percent Leased

65%

Building Height

2 Stories

Building FAR

0.66

Lot Size

0.07 AC

Zoning

R4-1

Bus Line
Fenced Lot

Property Manager on Site

Signage

Air Conditioning

About 9623 AVENUE M , BROOKLYN, NY 11236

East 90's Canarsie Brooklyn. Totally NEWLY renovated from top to bottom in November 2019 to January 31 2020 LEGAL 3 family & store! Fully detached ALL brick building with full basement! 5 room apartment (2 bedroom EACH apartment unit) each 3 family! Plus Beauty salon Store front approx. 600 sq ft (20 ft wide frontage) & Huge basement! Lot 30.5 ft x 100 ft & building size 20 ft x 51 ft New roof, siding, boiler & much more! 5 income producing plus billboard sign! Low Real Estate Taxes! Will not last! Cap rate 6% High traffic area & near all buses –Next to Minutes to Manhattan express bus, Canarsie pier & more! Start collecting your rent!! Call 347-526-5131 ONLY Income: 2nd floor Front $ 1,500.00 month (1 bedroom-NO LEASE)2nd floor Back $ 1,500.00 month (1 bedroom-NO LEASE) Storefront: Beauty Salon $ 2,500.00 a month (March 2026) 1st floor Rear $1,760.00 a month (2025) Basement- Super $ 1,000.00 month Storage Billboard sign $ 500.00 =$ 8,200.00 a month = $98,400 yearly income! Not including huge finished basement. New boiler, roof, siding, electric & much more! Just collect rent!

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